Why You Must Have More Than One Niche Sites
Have you heard of diversifying your investment portofilio? No? Well, it's extremely famous in financial planning. Those financial planners will tell you that in order for you to minimize risk of lost, you should have different types of investment to generate multiple income streams. This is to lower your risk of putting all of your eggs in one basket. Do you know that the same concept applies to your online business? Let's say you have a niche website targeted for dog owners and you're making a good income each month from it. Do you know how fragile an internet business can be? Once someone find out how profitable your online business is, it doesn't take a rocket scientist to figure out how you've achieved it. Don't believe me? Here are some food for thoughts for you. If you are getting traffic from Jv partners, what's stopping your competitors from contacting them to offer a better compensation than yours? Ooh. You think your Jv partners won't take the bait because they are your friends. Fine. What happen if your competitors end up becoming their friends by end of the month? Heck, they might be sipping coffee together at StarBucks! Oops. You've just lost 50% of your income when that happens. Or maybe, you are getting traffic from the search engines. With today's easy-to-use software, it's just a matter of time before your competitors figure out how you get top ranking at Google.com. Is it fair for me to say that they'll want to copy you legitimately to get the same success as yours? And here's the scariest part of all - As long as they are not copying apple for apple, they have the rights to copy you! You can't stop them from contacting your Jv partners. You can't stop them from writing the same book as yours but with a different angle. You can't stop them from reading your salesletter and hiring a better copywriter to write for them. The only way for you to 'save' yourself is to have more than one niche sites. So, if you have 4 niche sites and each of them is generating the same amount of income, you know that each site is giving 25% income to you. If one of your niche sites is taken over by the competitors, you still have 75% income to support you financially. And remember, we don't live in an ideal internet marketing world. Your website hosting, email database and etc can give you unforeseen problems. And you can be wiped off overnight because of this. Prevention is ALWAYS better than cure. If you already have a profitable niche market, don't just sit in front of your Tv hoping to cash out money from it each month. Build more online niches, then you can do whatever you want with ease of mind. If you need to make sure you have a profitable online niche, you can use Niche CheckList to check it out. Go to:
http://www.nichechecklist.com Copyright 2005 Patric Chan Patric Chan is a direct response expert, internet infopreneur, marketing strategist and author. At the age of 24, he had achieved many extraordinary results in the internet marketing world. He had joint-ventured with many famous internet marketing experts in product creations and selling online. Get the latest internet marketing tips at
http://www.InternetMarketing-Tactics.com
Related News
|
 |
|
|
RELATED ARTICLES
The 10 Commandments of Guerrilla Marketing Design
Guerrilla Marketing Design is more an attitude than a system of do's and don'ts. It's an attitude that emphasizes the efficient and memorable delivery of information.
Finding The Right Internet Marketing Technique For You
Finding the right Internet marketing technique that works best for you is probably going to be trial and error. Different web marketers have found their successful by using different marketing ideas. Each person's target market is different as well. You will have to try a variety before you find the Internet marketing technique that works best for you and your web-based business. Here we will throw out a few suggestions to try and see what works for you.
Information - The Art Of Selling
Money may well make the world go round, but facts, details and data oil the machine that beats at the heart of it. We supposedly live in the age of information, yet many of us seem unable to use it to its full, and allow ourselves to drift along on a sea of missed opportunities.
Big Advertising Mistake - Dont Do This and It Will Save Your Advertising Budget!
Advertising plays an important role in your business (every business, actually!). But, there is one BIG mistake advertisers frequently do and this mistake could cost you a bundle!
Book Yourself Solid Key #4: Produce A Powerful Personal Brand That Sets You Apart
Copyright 2005 Michael Port & Associates LLC
Five Top Tips For A Prosperous 2004
According to many market forecasts, 2004 is likely to be a buoyant year online. These are my top tips for making the most of it, and ensuring a happy, healthy and prosperous 2004.
The Real Key To Happiness, Peace of Mind, and Massive Internet Success
Do you know the secret that allowed 100% of the top Internet Marketers to become successful?
The Reality Of How To Make Money In An Online Business
"Making money online quick and easy" seems to be the buzz
word today in the home business and money making arena
online these days. It would seem at first glance that
making money online seems to be a very simple thing.
However, as most internet marketers would tell you, this is
not true as making money online is a serious business and
hard work has to go into it.
Using Back Links to Get Top Search Engine Ranking
There are no hidden secrets on how to rank high with the major search engines. All that is needed is a basic understanding of how search engines work and a bit of know how. Perhaps the biggest contributing factor to a successful web site is incoming links or Back Links. Without links, your website will more than likely go unnoticed. So how should you accumulate these links? Below are a few basic methods to accumulate quality back links.
Success in On-Line Business
Here is a story of four traders who each started with a website built by us, retailing the same products Australia-wide from different cities. It's hard to compare businesses with different products in different markets, but these four businesses had all those factors in common.
Ten Tips for Getting More Sales From Your Website
(1) Create a Direct Response Website, with the
minimum number of pages possible (e.g. an Index Page,
a Contact Page, and an Order Page).
The Center of Your Internet Business, You
As an Internet entrepreneur your ultimate goal is most certainly the success of your Internet business but statistics show that real money are made by a small percentage of the online businesses. An Internet business takes a great deal of time and effort, it's not easy to build and maintain it and you need total commitment to succeed. Lack of complete passion for your business and of the desire to succeed will most likely result in failure.
Find Your Niche - The Internet Marketers Goldmine
If you haven't heard the word 'niche' being batted around by Internet Marketers then you haven't been listening. Finding a niche has become the antidote to competing in overly saturated online markets.
Network Marketing Online ? The Method
Network Marketing online works by giving you your own online store and leaving it up to you to get people there. By doing this the company save millions a month in advertising. Not to mention physically opening a shop in every mall and the cost of running it. So the money is saved by making it online. The incentive to you is the commissions.
Internet Marketing ? Have a Beer With Your Own Internet Marketing Consultant
Did you ever wish that you could sit at the feet of an Internet marketing master?
Stepping Outside the WAHM Zone
Often times on message boards you'll see several reps from the same company, making it difficult for all reps to gain enough sales. We've also seen issues where some reps dominate certain boards or even go so far as to steal potential customers and recruits. While there is no real easy answer to this problem, there are certain things you can do to gain your fair share of sales.
I Too Was An Internet Marketing Junkie!
I spent every waking hour at my computer, looking for the 'Golden Fleece' of marketing. I spent hours, and days, and more hours in hopes of finding the one Marketing plan that would allow me to achieve my dreams, and goals.
Internet Marketing: 10 Motivational Insiders Tricks To Attract Thousands Of Visitors
If you have a website but not attracting many visitors, it may be because you've not known the insiders secrets that I have.
How to Start an Internet Business
The first thing I must say is it's a mine field out there, and you must take time to look at what it is you are going to do in your business.
The 3 Keys To Business Victories
No matter what business you are in there is a high chance of failure. Why? Because most people don't do the research and keep the right focus needed to succeed.
|